Ritholtz Wealth Management Has $9.86 Million Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Ritholtz Wealth Management cut its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 9.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 455,207 shares of the bank’s stock after selling 46,130 shares during the period. Ritholtz Wealth Management’s holdings in Banco Bilbao Viscaya Argentaria were worth $9,860,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 51.4% during the first quarter. Blue Trust Inc. now owns 36,918 shares of the bank’s stock worth $800,000 after purchasing an additional 12,541 shares during the last quarter. XML Financial LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at approximately $273,000. Evolve Private Wealth LLC boosted its position in Banco Bilbao Viscaya Argentaria by 16.4% during the 1st quarter. Evolve Private Wealth LLC now owns 12,863 shares of the bank’s stock worth $279,000 after buying an additional 1,811 shares during the period. Rockefeller Capital Management L.P. boosted its position in Banco Bilbao Viscaya Argentaria by 44.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 36,911 shares of the bank’s stock worth $860,000 after buying an additional 11,439 shares during the period. Finally, World Investment Advisors grew its holdings in Banco Bilbao Viscaya Argentaria by 20.7% during the 4th quarter. World Investment Advisors now owns 16,521 shares of the bank’s stock worth $385,000 after acquiring an additional 2,832 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BBVA shares. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA stock opened at $24.13 on Thursday. The stock has a market capitalization of $137.78 billion, a PE ratio of 11.49, a PEG ratio of 0.61 and a beta of 0.81. The business’s 50 day simple moving average is $22.79 and its 200 day simple moving average is $22.94. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $14.63 and a one year high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. As a group, research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.